Stellantis N.V. $STLA Stake Trimmed by Groupama Asset Managment

Key Points

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Groupama Asset Managment lowered its stake in Stellantis N.V. (NYSE:STLA - Free Report) by 65.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 545,601 shares of the company's stock after selling 1,044,392 shares during the quarter. Groupama Asset Managment's holdings in Stellantis were worth $5,725,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its stake in Stellantis by 208.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 95,367,261 shares of the company's stock valued at $1,069,067,000 after acquiring an additional 64,406,866 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Stellantis by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 87,342,145 shares of the company's stock valued at $979,629,000 after buying an additional 2,791,016 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of Stellantis during the 1st quarter valued at about $368,520,000. Hsbc Holdings PLC lifted its holdings in shares of Stellantis by 318.6% during the 1st quarter. Hsbc Holdings PLC now owns 11,808,556 shares of the company's stock valued at $130,893,000 after buying an additional 8,987,548 shares during the last quarter. Finally, Banco Santander S.A. lifted its holdings in shares of Stellantis by 33.9% during the 1st quarter. Banco Santander S.A. now owns 9,715,593 shares of the company's stock valued at $108,912,000 after buying an additional 2,457,568 shares during the last quarter. Hedge funds and other institutional investors own 59.48% of the company's stock.

Analyst Upgrades and Downgrades

STLA has been the subject of several research reports. Jefferies Financial Group upgraded Stellantis from a "hold" rating to a "buy" rating and lifted their price target for the company from $10.25 to $13.20 in a report on Wednesday, June 25th. DZ Bank upgraded Stellantis from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 22nd. Redburn Atlantic lowered Stellantis from a "buy" rating to a "neutral" rating in a report on Tuesday, April 22nd. Wolfe Research lowered Stellantis from a "peer perform" rating to an "underperform" rating in a report on Wednesday, July 2nd. Finally, Bank of America lowered Stellantis from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $16.50 to $11.75 in a report on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $12.74.

Stellantis Stock Performance

Shares of NYSE:STLA opened at $9.69 on Tuesday. The business's fifty day moving average price is $9.69 and its two-hundred day moving average price is $10.64. Stellantis N.V. has a fifty-two week low of $8.39 and a fifty-two week high of $16.92. The stock has a market capitalization of $29.29 billion, a price-to-earnings ratio of 2.84, a price-to-earnings-growth ratio of 0.58 and a beta of 1.45. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.77.

Stellantis Company Profile

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.

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